9,151 Shares in NWPX Infrastructure, Inc. $NWPX Purchased by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC made a new investment of approximately $378,000 in NWPX Infrastructure, acquiring 9,151 shares during the first quarter.
• Following earnings results that surpassed analyst expectations, NWPX reported $0.91 EPS for the quarter, exceeding the consensus estimate of $0.72.
• Analysts have set a target price of $60.00 for NWPX Infrastructure, with the stock currently holding a consensus rating of "Hold".

EntryPoint Capital LLC bought a new stake in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,151 shares of the industrial products company's stock, valued at approximately $378,000. EntryPoint Capital LLC owned approximately 0.09% of NWPX Infrastructure at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aquatic Capital Management LLC acquired a new stake in NWPX Infrastructure in the 4th quarter valued at $30,000. New York State Teachers Retirement System acquired a new stake in NWPX Infrastructure in the 1st quarter valued at $37,000. Point72 Asset Management L.P. acquired a new stake in NWPX Infrastructure in the 4th quarter valued at $53,000. Tower Research Capital LLC TRC grew its position in NWPX Infrastructure by 33.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 319 shares during the period. Finally, Byrne Asset Management LLC grew its position in NWPX Infrastructure by 62.2% in the 1st quarter. Byrne Asset Management LLC now owns 2,401 shares of the industrial products company's stock valued at $99,000 after purchasing an additional 921 shares during the period. 80.63% of the stock is owned by institutional investors.

NWPX Infrastructure Stock Performance

Shares of NASDAQ:NWPX traded down $0.33 during midday trading on Monday, reaching $52.36. The company had a trading volume of 15,155 shares, compared to its average volume of 69,926. The company's 50 day moving average price is $43.53 and its 200 day moving average price is $42.70. The company has a current ratio of 3.95, a quick ratio of 2.81 and a debt-to-equity ratio of 0.11. The stock has a market cap of $505.27 million, a P/E ratio of 15.76, a P/E/G ratio of 1.55 and a beta of 0.93. NWPX Infrastructure, Inc. has a 52-week low of $36.97 and a 52-week high of $57.76.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The industrial products company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.19. The company had revenue of $133.18 million for the quarter, compared to the consensus estimate of $120.93 million. NWPX Infrastructure had a net margin of 6.69% and a return on equity of 8.93%. As a group, sell-side analysts anticipate that NWPX Infrastructure, Inc. will post 3.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, DA Davidson set a $60.00 price target on shares of NWPX Infrastructure in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $57.50.

Insider Buying and Selling at NWPX Infrastructure

In related news, VP Megan A. Kendrick sold 3,500 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $50.00, for a total value of $175,000.00. Following the transaction, the vice president directly owned 10,560 shares of the company's stock, valued at approximately $528,000. The trade was a 24.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.20% of the company's stock.

NWPX Infrastructure Profile

Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water-related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.